K. WAH INT'L Shares Drop Over 6% Following 25.9% Decline in 1H Net Profit and Reduced Interim Dividend
Stock Performance: K. WAH INT'L's stock fell by 6.64% to HKD2.25 after initially rising to HKD2.43, with a midday trading volume of 2.681 million shares.
Financial Results: The company reported a 13.3% year-over-year decline in turnover to HKD1.052 billion and a 25.9% drop in net profit to HKD114 million.
Earnings Per Share: The earnings per share (EPS) decreased to HK3.61 cents, reflecting the company's financial struggles.
Dividend Announcement: An interim dividend of HK2 cents was declared, which is a reduction from HK4 cents in the same period last year.
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LandsD Reports 8 Bids for Shau Kei Wan Main Street East Site
Tender Announcement: The Lands Department of Hong Kong revealed that a site on Shau Kei Wan Main Street East received 8 tender documents from various developers, including K. WAH INT'L, CHI MER LAND, SINO LAND, and CHINA OVERSEAS.
Market Valuation: The estimated market valuation for the site ranges from approximately $790 million to $1.19 billion, with an accommodation value of about $5,300 to $8,000 per square foot.
Short Selling Data: The article provides short selling data for the participating developers, indicating varying levels of short selling activity and ratios, with China Overseas showing the highest short selling ratio at 41.807%.
Market Insights: UBS has commented on the valuation of Hong Kong homebuilders, suggesting that they are becoming expensive, and recommends stock selection favoring low debt, high dividends, and buyback themes.
<HK Home>GRAND MAYFAIR on Kam Sheung Road Sees 7 Transactions in One Day, Generating Over HKD70.38 Million
Project Overview: The GRAND MAYFAIR series, co-developed by SINO LAND and others, is located at Kam Sheung Road Station and has seen significant sales activity.
Sales Performance: On a recent day, the project recorded cash inflows exceeding HKD70.38 million from the sale of various unit types, contributing to a total of 1,825 units sold and over HKD15.8 billion in cash inflow.
<HK Home>GRAND MAYFAIR Sells 4 Units in Just One Day, Raking in Over $38.59M
Kam Sheung Road Station Project: The GRAND MAYFAIR series, co-developed by SINO LAND, CHINA OVERSEAS, K. WAH INT'L, and MTR CORPORATION, logged 4 transactions on January 19, generating over HKD38.59 million in a single day.
Sales Performance: The GRAND MAYFAIR series has successfully sold 1,807 units, accumulating over HKD15.6 billion in total sales.
La Marina to Auction Remaining Units; KERRY PPT Set to Unveil 3 Projects This Year
Sales Performance: KERRY PPT's Southside Phase 2 La Marina project in Wong Chuk Hang has sold 584 units, representing approximately 97% of the project, generating around HKD14.5 billion. Remaining units will be sold through tender.
Future Developments: KERRY PPT plans to launch three new projects this year, including Phase 4B of LA MONTAGNE, which will offer 368 units and is expected to be launched as completed units in the first half of 2026.
Collaborations: The upcoming projects involve collaborations with SINO LAND, SWIRE PROPERTIES, and MTR CORPORATION, indicating a strategic partnership approach in development.
Market Insights: Short selling data indicates varying levels of activity among the involved companies, with MTR CORPORATION showing the highest short selling ratio at 31.294%.
Sino Land and Great Eagle Holdings Secure Residential Site in Jordan Valley for $1.61 Billion
Tender Award Announcement: The Lands Department awarded the tender for New Kowloon Inland Lot No. 6674 to King Virtue Limited for a 50-year land grant at a premium of $1.61 billion, slightly above market estimates.
Site Details: The site, covering approximately 3,830 square meters, is designated for non-industrial purposes and will include facilities for mentally handicapped persons, to be constructed by the purchaser.
Bidding Competition: A total of 8 tender documents were submitted by various Hong Kong developers, including notable companies like CK ASSET, HENDERSON LAND, and KERRY PPT.
Market Outlook: Analysts from M Stanley predict an increase in Hong Kong home prices, office rents, and retail sales this year, favoring the residential property market.
LandsD: Eight Bids Submitted for Residential Site on Choi Hing Road, Jordan Valley
Tender Announcement: The Lands Department of Hong Kong announced the closure of public tender for a residential site at Choi Hing Road, Jordan Valley, which received 8 tender submissions.
Participating Developers: Notable developers that submitted bids include CK ASSET, SINO LAND, HENDERSON LAND, and K. WAH INT'L, among others.
Stock Performance: The article mentions the stock performance of the participating developers, highlighting their respective price changes and short selling data.
Short Selling Data: The short selling data for the developers indicates varying levels of short selling activity, with Henderson Land showing the highest ratio at 45.820%.
LandsD Reports 8 Bids for Shau Kei Wan Main Street East Site
Tender Announcement: The Lands Department of Hong Kong revealed that a site on Shau Kei Wan Main Street East received 8 tender documents from various developers, including K. WAH INT'L, CHI MER LAND, SINO LAND, and CHINA OVERSEAS.
Market Valuation: The estimated market valuation for the site ranges from approximately $790 million to $1.19 billion, with an accommodation value of about $5,300 to $8,000 per square foot.
Short Selling Data: The article provides short selling data for the participating developers, indicating varying levels of short selling activity and ratios, with China Overseas showing the highest short selling ratio at 41.807%.
Market Insights: UBS has commented on the valuation of Hong Kong homebuilders, suggesting that they are becoming expensive, and recommends stock selection favoring low debt, high dividends, and buyback themes.
<HK Home>GRAND MAYFAIR on Kam Sheung Road Sees 7 Transactions in One Day, Generating Over HKD70.38 Million
Project Overview: The GRAND MAYFAIR series, co-developed by SINO LAND and others, is located at Kam Sheung Road Station and has seen significant sales activity.
Sales Performance: On a recent day, the project recorded cash inflows exceeding HKD70.38 million from the sale of various unit types, contributing to a total of 1,825 units sold and over HKD15.8 billion in cash inflow.
<HK Home>GRAND MAYFAIR Sells 4 Units in Just One Day, Raking in Over $38.59M
Kam Sheung Road Station Project: The GRAND MAYFAIR series, co-developed by SINO LAND, CHINA OVERSEAS, K. WAH INT'L, and MTR CORPORATION, logged 4 transactions on January 19, generating over HKD38.59 million in a single day.
Sales Performance: The GRAND MAYFAIR series has successfully sold 1,807 units, accumulating over HKD15.6 billion in total sales.
La Marina to Auction Remaining Units; KERRY PPT Set to Unveil 3 Projects This Year
Sales Performance: KERRY PPT's Southside Phase 2 La Marina project in Wong Chuk Hang has sold 584 units, representing approximately 97% of the project, generating around HKD14.5 billion. Remaining units will be sold through tender.
Future Developments: KERRY PPT plans to launch three new projects this year, including Phase 4B of LA MONTAGNE, which will offer 368 units and is expected to be launched as completed units in the first half of 2026.
Collaborations: The upcoming projects involve collaborations with SINO LAND, SWIRE PROPERTIES, and MTR CORPORATION, indicating a strategic partnership approach in development.
Market Insights: Short selling data indicates varying levels of activity among the involved companies, with MTR CORPORATION showing the highest short selling ratio at 31.294%.
Sino Land and Great Eagle Holdings Secure Residential Site in Jordan Valley for $1.61 Billion
Tender Award Announcement: The Lands Department awarded the tender for New Kowloon Inland Lot No. 6674 to King Virtue Limited for a 50-year land grant at a premium of $1.61 billion, slightly above market estimates.
Site Details: The site, covering approximately 3,830 square meters, is designated for non-industrial purposes and will include facilities for mentally handicapped persons, to be constructed by the purchaser.
Bidding Competition: A total of 8 tender documents were submitted by various Hong Kong developers, including notable companies like CK ASSET, HENDERSON LAND, and KERRY PPT.
Market Outlook: Analysts from M Stanley predict an increase in Hong Kong home prices, office rents, and retail sales this year, favoring the residential property market.
LandsD: Eight Bids Submitted for Residential Site on Choi Hing Road, Jordan Valley
Tender Announcement: The Lands Department of Hong Kong announced the closure of public tender for a residential site at Choi Hing Road, Jordan Valley, which received 8 tender submissions.
Participating Developers: Notable developers that submitted bids include CK ASSET, SINO LAND, HENDERSON LAND, and K. WAH INT'L, among others.
Stock Performance: The article mentions the stock performance of the participating developers, highlighting their respective price changes and short selling data.
Short Selling Data: The short selling data for the developers indicates varying levels of short selling activity, with Henderson Land showing the highest ratio at 45.820%.
